New Hampshire has made history by approving the nation’s first $100 million Bitcoin bond, signaling a significant move towards integrating digital assets into public finance. This groundbreaking initiative was granted authorization by the state’s Business Finance Authority (BFA), which acted as a facilitator for this innovative structure. 160% of the bond is backed by over-collateralized Bitcoin held in custody, offering a way for businesses to borrow against this asset without directly involving taxpayers. The BFA does not assume any repayment risk; investor protection rests solely with the secure storage of Bitcoin at BitGo. This unique setup allows digital assets to be incorporated into government finance while preserving public funds’ integrity.